What is Quest Water's earnings per share (EPS)?

Quest Water (QWTR) reported diluted earnings per share of $-0.01 for fiscal year 2024. This represents a -20.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Quest Water Financials

QWTR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Quest Water (QWTR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI QWTR FY2024 2026-04-22

Tiny reported assets against multi-million-dollar liabilities suggest the balance sheet carries obligations without an operating asset base.

From FY2022 to FY2024, total liabilities nearly doubled from $1.24M to $2.41M while total assets slipped from $2.3K to $1.5K, so the worsening deficit is not the footprint of expansion; it is the balance sheet carrying more claims without rebuilding productive resources.

Cash on hand was only $4 in FY2024, and current assets were just $1.4K; that is a balance sheet with almost no liquid buffer, so any settlement of obligations would have to come from sources outside the reported asset base. In practical terms, the filings describe liabilities that are not matched by a meaningful pool of near-cash resources.

Retained deficit widened from -$11.24M to -$12.59M between FY2022 and FY2024, while the reported share count was unchanged across that stretch. That points to balance-sheet erosion from accumulated losses rather than a rebuilt capital base in the annual figures provided.

Financial Health Signals

Financial Profile 0/100

Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Quest Water's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-0.01

YoY-20.0%

Quest Water earned $-0.01 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 20.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

YoY+33.3%

5Y CAGR-85.1%

Quest Water held $4 in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

132M

YoY+0.0%

5Y CAGR+9.1%

Quest Water had 132M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

QWTR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	-$459K	N/A
EPS (Diluted)	$-0.01-20.0%	$-0.01+54.5%	$-0.01	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$291K-47.0%	-$198K-40.3%	-$141K	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	$-0.000.0%	$-0.00-100.0%	$-0.00	N/A	$-0.000.0%	$-0.00+66.7%	$-0.00	N/A

QWTR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2K-30.3%	$2K-2.7%	$2K-46.5%	$4K-96.6%	$125K+29.9%	$96K
Current Assets	$1K-10.8%	$2K+40.0%	$1K-74.1%	$4K-96.4%	$117K+32.4%	$89K
Cash & Equivalents	$4+33.3%	$3	N/A	$4K-10.3%	$5K-91.4%	$55K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.4M+31.0%	$1.8M+48.0%	$1.2M-66.6%	$3.7M+5.3%	$3.5M+16.0%	$3.0M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.4M-31.1%	-$1.8M-48.1%	-$1.2M+66.7%	-$3.7M-9.0%	-$3.4M-15.6%	-$2.9M
Retained Earnings	-$12.6M-6.4%	-$11.8M-5.3%	-$11.2M-11.7%	-$10.1M-3.3%	-$9.7M-4.9%	-$9.3M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$73K+0.6%	$72K+143.4%	$30K+1838.7%	$2K-72.1%	$5K+4.7%	$5K-41.0%	$9K+303.7%	$2K
Current Assets	$6K+8.0%	$6K-81.1%	$30K+2072.7%	$1K-73.7%	$5K+7.7%	$5K-42.2%	$8K+444.2%	$2K
Cash & Equivalents	$9-86.4%	$66	N/A	$4-66.7%	$12	N/A	N/A	$3
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.0M+6.8%	$2.8M+9.3%	$2.6M+7.0%	$2.4M+6.3%	$2.3M+6.5%	$2.1M+6.9%	$2.0M+8.3%	$1.8M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.9M-7.0%	-$2.7M-7.8%	-$2.5M-5.9%	-$2.4M-6.5%	-$2.3M-6.5%	-$2.1M-7.1%	-$2.0M-7.9%	-$1.8M
Retained Earnings	-$13.2M-2.3%	-$12.9M-1.6%	-$12.7M-1.1%	-$12.6M-1.2%	-$12.4M-1.1%	-$12.3M-1.2%	-$12.2M-2.8%	-$11.8M

QWTR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	N/A	N/A	N/A	N/A	-$536K	N/A
Capital Expenditures	N/A	N/A	$2K	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	-$2K	N/A	N/A	-$8K
Financing Cash Flow	N/A	N/A	N/A	N/A	$486K	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$137K+44.0%	-$244K	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$136K-44.1%	$244K	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

QWTR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	-368.4%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	-1.000.0	-1.000.0	-1.000.0	-1.00+0.0	-1.040.0	-1.03
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-400.3%-126.4pp	-274.0%+201.5pp	-475.4%	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	-1.020.0	-1.03-0.0	-1.01-0.0	-1.000.0	-1.000.0	-1.000.0	-1.000.0	-1.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$2.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What are Quest Water's total assets?

Quest Water (QWTR) had $2K in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Quest Water have outstanding?

Quest Water (QWTR) had 132M shares outstanding as of fiscal year 2024.

What is Quest Water's debt-to-equity ratio?

Quest Water (QWTR) had a debt-to-equity ratio of -1.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Quest Water's debt-to-equity ratio negative or unusual?

Quest Water (QWTR) has negative shareholder equity of -$2.4M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

How financially healthy is Quest Water?

Quest Water (QWTR) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.